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February 15, 2022 at 9:23 pm in reply to: CDE account: Can people living outside Brazil have a current account? #7218MauricioParticipant::
Hello Mr. Vinicius
In September/2021, the BCB released a new Rule on innovations in the foreign exchange market with new features for payment accounts for non-residents:
https://www.bcb.gov.br/estabilidadefinanceira/faq_inovacoes_cambio_normas
"Persons and companies not resident in the country may have prepaid payment accounts in reais to make payments and receipts in Brazil, limited to R$10,000 per transaction. These accounts will be held at institutions authorized to operate in foreign exchange."In December 2021, the New Foreign Exchange Law 14.286/21 was also published, also with new features for non-resident current accounts:
http://www.planalto.gov.br/ccivil_03/_Ato2019-2022/2021/Lei/L14286.htm
"Paragraph 4. The Brazilian Real accounts held by non-residents referred to in item VIII of the main body of this article shall be treated in the same way as the Brazilian Real accounts held by residents, with the exception of the requirements and procedures that the Central Bank of Brazil may establish, including in relation to transactions carried out in the manner provided for in Article 6 of this Law."Do you have any information about these changes and if this would really solve the problem of not being able to maintain an account in Brazil as a non-resident?
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